Walmart closing 63 Sam's Club stores and laying off thousands of workers

TTT

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Can't compete with Costco huh, anyway the way the timed these announcements is just awkward and usually store closings tend to be rolled out over some weeks not waking up to find the doors closed. Even bankruptcy filing tend to have some coordinated shutdowns. By the way Carrier also announced layoffs this week as well.
 

Rarely-Wrong Liggins

Name another Liggins hot I'm just honest.
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Wal-Mart is actually doing pretty well from what I understand. They are just shifting resources from one business that has stagnated and applying them to a potentially money making and money saving (eventually) expansion of it's e-commerce services. If Wal-Mart ever gets it shyt together on that end they would be the most to bring Amazon down from total dominance to competitive stalemate. Just depends on how much they are willing to invest. They haven't had the benefit of being allowed to not turn a profit for 15+ years but we know Wal-Mart is the OG of ruthless labor exploitation so they might be able to "pioneer" some tactics in that area to offset the expansion costs.
 

Mythical Truth

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Wal-Mart is actually doing pretty well from what I understand. They are just shifting resources from one business that has stagnated and applying them to a potentially money making and money saving (eventually) expansion of it's e-commerce services. If Wal-Mart ever gets it shyt together on that end they would be the most to bring Amazon down from total dominance to competitive stalemate. Just depends on how much they are willing to invest. They haven't had the benefit of being allowed to not turn a profit for 15+ years but we know Wal-Mart is the OG of ruthless labor exploitation so they might be able to "pioneer" some tactics in that area to offset the expansion costs.

It does seem like the case. Walmart's supply chain was the one to beat for a brick and mortar store. Now they are moving toward a different distribution method and if they can get their new supply chain right they are still very competitive.

Gotta hand it to Amazon though. When they were investing massively in seemingly everywhere all over the places lots of people didn't believe in their model.
 
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